A loan of $525 helped to buy some building and insulation materials for her home repair.

Bayarkhuu's story

Bayarkhuu, 47, is a librarian and she has been working for 16 years nonstop in the college library in Darkhan, the second largest city in Mongolia. She is a widow and lives with her daughter in her studio apartment. Byarkhuu uses a furnace which uses coal to stay warm at home. Her daughter always has the flu due to feeling cold. So, Bayarkhuu wants to make repairs to her apartment. She is planning to put insulation in the windows and the wall corners. She will recover some broken and bad parts of the walls with cement and foam. This will reduce heat loss and Bayarkhuu will pay less for coal. Using coal is very harmful for her family's health and the environment, as she knows.

Although Mongolia has the lowest population density in the world, it is one of the most polluted countries in the world. This is due to the long and cold winters where temperatures frequently go below -40C (-40F) even in the cities. Also, in winter, many parts of the country are extremely cold and are known to have snow storms. Both homes and nomadic tents burn a lot of fuel and emit huge amounts of pollution every night from families just trying to stay warm. In addition, the extremely toxic smoke from cars is one of main reasons for Mongolia's air pollution. In response to this, Credit Mongol offers Green Loans to their clients to make home improvements that reduce heat loss and improve heating systems and to buy cars that run on natural gas. The loan Bayarkhuu is taking will be dedicated to buying some building and insulation materials for her home repair.

Loan details

Lenders and lending teams

Loan details